Northstar Closes $625,000 Non-Brokered Private Placement of Unsecured Convertible Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, Feb. 28, 2023 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF), (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has closed a non-brokered private placement (the "Offering") of non-transferrable unsecured convertible debentures (collectively, the "Convertible Debentures") for an aggregate principal amount of $625,000 (the "Principal Amount"). - The Convertible Debentures bear an interest of 10% per year (the "Interest"), paid semi-annually in arrears, and mature 36 months from the date of issue.
- Closing of the Convertible Debentures is subject to regulatory approval, including that of the TSX Venture Exchange ("TSXV").
- All securities issued in connection with the Convertible Debentures will be subject to a statutory four-month hold period.